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Equity (Tables)
 12 Months Ended
Dec. 31, 2024
Equity [abstract]  
Summary of equity
Total equity
In EUR million202420232022
Share capital and share premium
            -  Share capital31 35 37 
            -  Share premium17,116 17,116 17,116 
17,148 17,151 17,154 
Other reserves
            -  Revaluation reserve: Equity securities at FVOCI1,816 1,152 1,187 
            -  Revaluation reserve: Debt instruments at FVOCI-479 -280 -341 
            -  Revaluation reserve: Cash flow hedge-1,693 -2,058 -3,055 
            -  Revaluation reserve: Credit liability-15 31 70 
            -  Revaluation reserve: Property in own use161 178 176 
            -  Net defined benefit asset/liability remeasurement reserve-333 -317 -232 
            -  Currency translation reserve-1,986 -2,527 -2,395 
            -  Share of associates and joint ventures and other reserves2,607 3,047 3,603 
            -  Treasury shares-765 -1,994 -1,205 
-687 -2,767 -2,192 
Retained earnings36,243 40,299 41,538 
Shareholders’ equity (parent)52,703 54,684 56,500 
Non-controlling interests995 944 504 
Total equity53,698 55,628 57,004 
Schedule of share capital
Share capital
Ordinary shares (par value EUR 0.01)
Number x 1,000In EUR million
202420232022202420232022
Authorised share capital9,142,0009,142,0009,142,00091  91  91  
Unissued share capital5,994,6095,643,8065,415,46160  56  54  
Issued share capital3,147,3913,498,1943,726,53931  35  37  
Reserves and other equity interest
Changes in issued share capital
Ordinary shares (par value EUR 0.01)
Number x 1,000In EUR million
Issued share capital as at 31 December 20213,904,065 39 
Issue of shares2,935  
Cancellation of shares-180,461 -2 
Issued share capital as at 31 December 20223,726,539 37 
Issue of shares5  
Cancellation of shares-228,350 -2 
Issued share capital as at 31 December 20233,498,194 35 
Cancellation of shares-350,803 -4 
Issued share capital as at 31 December 20243,147,391 31 
Share premium
In EUR million202420232022
Opening balance17,116  17,116  17,105  
Issue of shares0  0  12  
Closing balance17,116  17,116  17,116  
Changes in revaluation reserve: Equity securities and Debt instruments at FVOCI
Equity securities at FVOCIDebt instruments at FVOCI
In EUR million202420232022202420232022
Opening balance1,152  1,187  1,282  -280  -341  96  
Unrealised revaluations664  -35  -118  -261  53  -412  
Realised gains/losses transferred to the statement of profit or loss62  9  -25  
Realised revaluations transferred to retained earnings0  1  23  
Closing balance1,816  1,152  1,187  -479  -280  -341  
Changes in cash flow hedge and credit liability reserve
Cash flow hedgeCredit liability
In EUR million202420232022202420232022
Opening balance-2,058  -3,055  -153  31  70  -80  
Changes in credit liability reserve      -46  -39  165  
Unrealised revaluations365  997  -2,901        
Realised revaluations transferred to retained earnings        -15  
Closing balance-1,693  -2,058  -3,055  -15  31  70  
Changes in Property in own use reserve
In EUR million202420232022
Opening balance178  176  208  
Impact of IAS 29 on opening balance1
  -20  
Unrealised revaluations3  10  15  
Realised revaluations transferred to retained earnings-20  -8  -26  
Closing balance161  178  176  
1    Impact of application of hyperinflation accounting under IAS 29.
Changes in currency translation reserve
In EUR million202420232022
Opening balance-2,527  -2,395  -3,483  
Impact of IAS 29 on opening balance1
  647  
Unrealised revaluations-222  183  -7  
Realised gains/losses transferred to the statement of profit or loss1    4  
Exchange rate differences763  -316  444  
Closing balance-1,986  -2,527  -2,395  
1    Impact of application of hyperinflation accounting under IAS 29.
Changes in share of associates, joint ventures and other reserves
In EUR million202420232022
Opening balance3,047  3,603  3,416  
Result for the year125  336  161  
Transfer to/from retained earnings-565  -892  26  
Closing balance2,607  3,047  3,603  
Changes in treasury shares
In EUR millionNumber x 1,000
202420232022202420232022
Opening balance-1,994  -1,205  -1,612  154,571  107,395  128,301  
Purchased/sold for trading purposes2  -7  4  -211  464  -312  
Purchased under staff share plans-43  -42    3,319  3,156  
Distributed under staff share plans43  41    -3,343  -3,106  
Purchased under Share buyback programme-3,774  -3,482  -1,721  247,584  275,013  159,866  
Cancelled Share buyback programme5,000  2,701  2,124  -350,803  -228,350  -180,461  
Closing balance-765  -1,994  -1,205  51,117  154,571  107,395  
Changes in retained earnings
In EUR million202420232022
Opening balance40,299  41,538  35,462  
Impact on opening balance1
  -45  -563  
Transfer to/from other reserves585  899  -8  
Result for the year5,209  3,804  11,965  
Dividend and other distributions-4,124  -2,668  -3,349  
Employee share plans1  -7  15  
Share buybacks and other changes-5,728  -3,222  -1,984  
Closing balance36,243  40,299  41,538  
1     In 2023, changes in policy following the adoption of IFRS 17 and change in policy for non-financial guarantees. 2022: impact of application of hyperinflation accounting under IAS 29.
Non-distributable reserves
In EUR million202420232022
ING Bank5,672  6,727  8,408  
Other0  0  0  
Non-distributable reserves5,672  6,727  8,408  
The following table shows the movement of the cash flow hedge reserve:
Movement cash flow hedge reserve
in EUR million20242023
Opening balance-2,058 -3,055 
Value changes recognised in OCI743 1,922 
Amounts recycled to profit or loss-209 -325 
Income tax-140 -381 
Exchange rate and other changes-14 -103 
Adjustment for non controlling interest-14 -116 
Movement for the year365 997 
Ending balance-1,693 -2,058